The equity market is getting closer to where we would like to get more offensive following the expected correction. We believe one more push lower would likely cause all of our key tactical indicators to reach a level that would suggest the close proximity of an intermediate-term low:
Read MoreTony is best known for the practical application of macro data. He will use his 30 years of experience to evaluate what data matters and how you can apply it to your investment process.
The equity market is getting closer to where we would like to get more offensive following the expected correction. We believe one more push lower would likely cause all…
Read MoreIn our view, the market is still in the corrective process that should set the stage for the next intermediate-term leg higher as the Fed gets more aggressive in…
Read MoreRamp in bearishness a great signal when to add exposure. The American Association of Individual Investors (AAII) reported bearish sentiment among individual investors jumped to 48.2% from 24.06% in…
Read MoreChina brought a whole new level of angst in the trade war by devaluing its currency following President Donald Trump’s announcement of increased tariffs last week.
Read MoreA generational change in the way Fed views inflation suggests a more aggressive Fed. For the better part of the last 40 years, the Fed has been worried about…
Read MoreWhen I was learning to fly a few years ago, my flight instructor gave me a talk about “get there-itis.” It refers to deciding to fly because you had…
Read MoreThe U.S. and the world have literally tried to fix an excessive amount of debt by causing exponentially more debt (Figure 1). For the better part of the last…
Read MoreIn our note last week, Time for a pullback, we outlined the recent new highs and overbought conditions in the market that suggested to us that a minor correction…
Read MoreThe S&P 500 (SPX) is up 20% for the year and 6% for the current quarter, which we believe discounts the likely July Fed rate cut and a less-negative…
Read MoreA replay of yesterday’s conference call is now available for Gold level subscribers.
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Canaccord Genuity Sr. Managing Director / Macroeconomist / Chief Market Strategist
Tony Dwyer joined Canaccord Genuity following the acquisition of Collins Stewart in March 2012, and currently serves as the Head of U.S. Macro Group, Chief Market Strategist, and member of the Firm’s U.S. Operating Committee.
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The views expressed in this commentary are the views of Tony Dwyer and are subject to change based on market and other conditions.
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